Why China’s housing market bubble won’t burst any time soon

Published: 13/01/2019
Why China’s housing market bubble won’t burst any time soon
Source: WWW.SCMP.COM

It’s fair to say China is facing a property market bubble in the sense that housing prices are far beyond people’s affordability. The price-to-income ratio in cities like Beijing and Shanghai is around 23, meaning the average household would have to work for more than two decades, without spending, to buy a home. In Tokyo and New York, that ratio is much lower at about 13. Some analyst

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